Saab’s general meeting approves employee share matching plan
The Annual General Meeting of Saab AB on Thursday approved the Board’s proposal of a share matching plan for all Group employees.
The purpose of the plan is to encourage good performance by employees and increase the Group’s attractiveness as an employer. The plan comprises a maximum of 1,000,000 Series B shares. The Board’s intends to propose long-term incentive programs in accordance with the adopted proposal in 2008 and 2009 as well.
The AGM adopted the proposed dividend to shareholders of SEK 4.25 per share. The record day of Tuesday, April 17, 2007 was approved as well. The dividend is expected to be paid out on Friday, April 20, 2007.
Saab’s AGM also authorized the Board to decide on repurchases and transfers of the company’s shares.
Directors Erik Belfrage, Lennart Johansson, Peter Nygårds, George Rose, Per-Arne Sandström, Åke Svensson, Lena Treschow Torell and Marcus Wallenberg were reelected, while Michael O’Callaghan from BAE Systems was elected as a new director, replacing Stephen Henwood, who declined reelection.
Marcus Wallenberg was reelected as Chairman of Saab AB.